The Dow Jones Industrial Average was trading squarely in record territory on Friday, with almost all of the advance on the back of a run-up in shares of components Intel and 3M Co. Intel Corp. saw its shares rise about 9%, or $4.10, while 3M Co.’s stock was up 1.9%, or about $5, combining to contribute more than 60 points to the Dow . A $1 move in any one of the price-weighted, blue-chip average’s 30 components translates to a 6.83-point swing. The Dow was up 64 points, or 0.2%, at 26,457, in recent trade, trading in record territory, while the S&P 500 index climbed 0.4% at 2,849. Meanwhile, the Nasdaq Composite Index was gaining 0.5% at 7,446. Both Intel and 3M recently reported fourth-quarter results that exceeded Wall Street expectations, underscoring what has been a solid start to earnings season.
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